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Wednesday, February 13, 2013

American, US Airways boards approve merger -source, (NYSE: LCC)

The boards of AMR Corp and US Airways Group separately met on Wednesday and approved a merger agreement, a person familiar with the matter said. The deal will be announced early on Thursday, the person said, asking not to be named because the matter is not public yet.

US Airways Group, Inc. operates and owns passenger and freight airline carrier. Shares of LCC traded higher by 2.73% or $0.39/share to $14.66. In the past year, the shares have traded as low as $6.78 and as high as $15.64. On average, 6272540 shares of LCC exchange hands on a given day and today's volume is recorded at 10249837.